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                    [Title] => PAL receiver approves Baguio Gold debt swap
                    [Summary] => 



The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect the flag carrier’s amended recovery program.


                    [DatePublished] => 2006-12-20 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 358982
                    [Title] => Baguio Gold stockholders okay PAL buyout, capital increase
                    [Summary] => Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from only P400 million.


The capital hike is intended to cover the acquisition of PAL and other investments.


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                    [ArticleID] => 356311
                    [Title] => Baguio Gold takeover of PAL to cost P136M
                    [Summary] => Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines.


In a disclosure to the Philippine Stock Exchange, Baguio Gold said it is acquiring the shareholdings of Pol Holdings Inc., Cube Factor Holdings Inc., Ascot Holdings Inc, Sierra Holdings and Equities Inc., Network Holdings & Equities Inc. and Maxell Holdings Corp. in PAL.


                    [DatePublished] => 2006-09-04 00:00:00
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                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


                    [DatePublished] => 2006-08-19 00:00:00
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                    [ArticleID] => 98709
                    [Title] => PAL to use Baguio Gold for backdoor listing
                    [Summary] => The plan has been set in motion. Flag carrier Philippine Airlines will soon test the equities market as it prepares to list at the Philippine Stock Exchange (PSE) via the backdoor route, using Baguio Gold Holdings Corp. as the corporate vehicle.


In a disclosure to the PSE, Baguio Gold corporate secretary Ma. Cecilia Pesayco said the company will be issuing new shares in exchange for the acquisition of about 90 percent of the outstanding capital stock of PAL. Both Baguio Gold and PAL are controlled by liquor and tobacco tycoon Lucio Tan.


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BOTH BAGUIO GOLD

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                    [ArticleID] => 375913
                    [Title] => PAL receiver approves Baguio Gold debt swap
                    [Summary] => 



The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect the flag carrier’s amended recovery program.


                    [DatePublished] => 2006-12-20 00:00:00
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                    [ArticleID] => 358982
                    [Title] => Baguio Gold stockholders okay PAL buyout, capital increase
                    [Summary] => Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from only P400 million.


The capital hike is intended to cover the acquisition of PAL and other investments.


                    [DatePublished] => 2006-09-20 00:00:00
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                    [ArticleID] => 356311
                    [Title] => Baguio Gold takeover of PAL to cost P136M
                    [Summary] => Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines.


In a disclosure to the Philippine Stock Exchange, Baguio Gold said it is acquiring the shareholdings of Pol Holdings Inc., Cube Factor Holdings Inc., Ascot Holdings Inc, Sierra Holdings and Equities Inc., Network Holdings & Equities Inc. and Maxell Holdings Corp. in PAL.


                    [DatePublished] => 2006-09-04 00:00:00
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                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


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                    [ColumnID] => 133272
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                    [ArticleID] => 98709
                    [Title] => PAL to use Baguio Gold for backdoor listing
                    [Summary] => The plan has been set in motion. Flag carrier Philippine Airlines will soon test the equities market as it prepares to list at the Philippine Stock Exchange (PSE) via the backdoor route, using Baguio Gold Holdings Corp. as the corporate vehicle.


In a disclosure to the PSE, Baguio Gold corporate secretary Ma. Cecilia Pesayco said the company will be issuing new shares in exchange for the acquisition of about 90 percent of the outstanding capital stock of PAL. Both Baguio Gold and PAL are controlled by liquor and tobacco tycoon Lucio Tan.


                    [DatePublished] => 2000-11-01 00:00:00
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)

abtest

PAL receiver approves Baguio Gold debt swap

By Zinnia B. Dela Peña | December 20, 2006 - 12:00am

The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect...

Business

Baguio Gold stockholders okay PAL buyout, capital increase

By Zinnia B. Dela Peña | September 20, 2006 - 12:00am

Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from...

Business

Baguio Gold takeover of PAL to cost P136M

By Zinnia B. Dela Peña | September 4, 2006 - 12:00am

Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines. In a disclosure to the Philippine Stock Exchange, Baguio Gold said it...

Business

PAL gains backdoor listing in stock mart

By Zinnia B. Dela Peña | August 19, 2006 - 12:00am

Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing...

Business

PAL to use Baguio Gold for backdoor listing

November 1, 2000 - 12:00am

The plan has been set in motion. Flag carrier Philippine Airlines will soon test the equities market as it prepares to list at the Philippine Stock Exchange (PSE) via the backdoor route, using Baguio Gold Holdings...

Business